Augusta has a municipal water and gas utility district (MUD). The trial balance on January 1, 20X1, follows:

		Debit				Credit
Cash		$	93,700
Accounts Receivable			25,300
Inventory of Supplies			8,500
Land			120,200
Plant and Equipment			492,000
Accumulated Depreciation						$	81,900
Vouchers Payable							16,900
Bonds Payable, 6%							515,000
Net Position:
Invested in Capital Assets, Net of Related Debt							15,300
Unrestricted							110,600
Total		$	739,700			$	739,700

Additional Information for 20X1:

1. Charges to customers for water and gas were $421,600; collections were $432,200.
2. A loan of $30,900 for two years was received from the general fund.
3. The water and gas lines were extended to a new development at a cost of $76,400. The contractor was paid.
4. Supplies were acquired from central stores (internal service fund) for $12,900. Operating expenses were $328,700, and interest expense was $30,900. Payment was made for the interest and the payable to central stores, and $326,000 of the vouchers were paid.
5. Adjusting entries were as follows: estimated uncollectible accounts receivable, $8,300; depreciation expense, $32,900; and supplies expense, $17,000.

Required: a. Prepare entries for the MUD enterprise fund for 20X1 and closing entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

Journal entry worksheet Record the charges to customers. Note: Enter debits before credits. Event General Journal Debit Credit 1a Record entry Clear entry View general journal Journal entry worksheet Record the collections on account. Note: Enter debits before credits. General Journal Debit Credit Event 1b Record entry Clear entry View general journal Journal entry worksheet A B D E F G H ..... M > Record the receipt of loan from the General Fund. Note: Enter debits before credits. General Journal Debit Credit Event 02 Record entry Clear entry View general journal Journal entry worksheet Record the extension of the water and gas lines. Note: Enter debits before credits. Event General Journal Debit Credit 3a Record entry Clear entry View general journal Journal entry worksheet Record the expenses. Note: Enter debits before credits. Event General Journal Debit Credit 4a Record entry Clear entry View general journal Journal entry worksheet Record the entry to reduce the revenue for the uncollectible accounts. Note: Enter debits before credits. General Journal Debit Credit Event 5 Record entry Clear entry View general journal Journal entry worksheet Record the entry for supplies expense to adjust supplies on hand. Note: Enter debits before credits. General Journal Debit Credit Event 5c Record entry Clear entry View general journal Journal entry worksheet A ..... F G H I J .... M > Record the entry to close the nominal accounts. Note: Enter debits before credits. General Journal Debit Credit Event 5d Record entry Clear entry View general journal Journal entry worksheet Record the increase in the net assets invested. Note: Enter debits before credits. Event General Journal Debit Credit 5f Record entry Clear entry View general journal